The 6/05/15 Weekend Report Preview

The Dollar
$$$http://postimg.org/image/8jp4ugbcv/

The dollar’s daily cycle peaked on day 8 and formed a swing high on day 10. But the dollar managed to close above the upper cycle band on day 11 maintaining a bullish posture.

http://imageshack.com/a/img633/6560/UQkxnI.jpg

Then the dollar broke lower on day 12. The dollar delivered a trend line break, broke below the upper cycle band and closed below the 50 day MA on day 12 to confirm a daily cycle decline. With a peak on day 8, this daily cycle seemed poised to form as a left translated cycle. However the dollar formed a swing low on Friday, off the day 14 candle. A close above the declining trend line would confirm a new daily cycle.

Stocks
stockshttp://postimg.org/image/69wujdu9x/

The daily equity cycle peaked on day 10 and has since trended lower. Stocks did have a false break out above the declining trend line on Wednesday. But stocks ended up closing below the declining trend line on Wednesday. Stocks were clearly rejected by the declining trend line on Thursday, closing below the 50 day MA. Stocks printed a lower low on Friday.

http://imageshack.com/a/img537/8524/rPoos7.jpg

Friday was day 21 for the daily equity cycle. Stocks are about 2 weeks shy of entering its timing band to for a daily cycle low. The peak on day 10 suggests that this daily cycle will form as a left translated cycle. Left translated cycles typically fail, leading to an intermediate cycle decline. Which seems to be unfolding on the weekly chart, which is discussed in the Weekend Report.

The entire Weekend Report can be found at Likesmoney Subscription Services

The Weekend Report discusses Dollar, Stocks, Gold, Miners, The CRB Index, & Bonds in terms of daily, weekly and yearly cycles.
Also included in the Weekend Report is the Likesmoney CycleTracker

To subscribe: http://likesmoneysubscriptionservices.wordpress.com/

For subscribers click here.

You can email me at likesmoney@gmail.com to receive a sample copy of the Weekend Report

Advertisements

One thought on “The 6/05/15 Weekend Report Preview

  1. Pingback: Destined | Cycle Trading

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s